During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
Australian dollar sags on trade balance data
On Thursday, the Australian dollar sagged moderately in Asia following dismal trade figures as an apparent deal to lift the American debt ceiling until December 15 came in focus, although traders noted that Trump's willingness to cooperate with Democrats on the extension has turned to be a source of irritation for hard-line Republican leaders.
The currency pair USD/JPY went down 0.12% being worth 109.10. At the same time AUD/USD hit 0.7996, slumping 0.07%.
Australia posted its trade balance surplus for July declined abruptly to A$460 billion, versus a surplus of A$875 million observed.
Estimating the US currency’s strength versus a trade-weighted basket of six main currencies, the US dollar index went down 0.03% trading at 92.18.
Overnight, the evergreen buck revived from session minimums against a basket of key currencies because geopolitical tensions in the Korean peninsula relived, while data disclosing American services sector surge rebounded in August lifted market sentiment.
The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
USD’s rally takes a pause, while riskier assets are modestly rising.
We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.